Gail reported that the total cost of the road evaluation, repair, chip seal and crack fill was $77,979.00.

Gail reported that the HOA tax assessment protest was successful, resulting in dramatically lower assessments for four of the five pieces of property owned by the HOA. A single property was correctly assessed. The Travis County estimated taxes for 2008 were $18,208.00. After the formal protest hearing, estimated taxes were reduced to $212.00. Mike Hellrung and Gail Finnegan prepared for and attended both informal and formal tax hearings to win this reduction.

Old Business:

Covenant Violations:
The homeowner at 1807 Envoy is now in compliance with respect to horse and trailer violations.

New Business:

Entry Tree
After some discussion, Mike Hellrung made a motion to repay Mike Natinsky for a tree he purchased as a replacement for one that had died in the entry landscaping. The motion was unanimously approved.

Covenant Violations:
The board has received a complaint about trash cans being placed at the road several days in advance of scheduled pickup and being repeatedly tipped over spilling trash at the roadside on Performer. A neighbor has contacted the owner in an attempt to resolve the problem to no avail. Mike Hellrung picked up the trash prior to the board meeting and will contact the owner personally to resolve the problem. Mike asked that all residents be encouraged to secure their trash cans with a Bungee or similar device if they are not using a company-provided container. There have been several instances where trash cans have been left on the street for several days after pick-up has been made.

5.12 Garbage. No garbage or trash shall be placed or kept on any Lot except in covered containers of standard type. In no event shall such containers be maintained so as to be Visible from Neighboring Property. All rubbish, trash and garbage shall be removed from Lots and shall not be kept or maintained on any Lot. No garbage or trash shall be permitted to be buried on any Lot at any time.

Road Signs:
Mike Hellrung made a motion to replace missing road signs within the subdivision before the annual meeting at an estimated cost of $500. The motion was unanimously approved.

Board Elections:
Mike Hellrung noted that since there was not a quorum at the last annual meeting, all board positions are up for re-election.

Annual Meeting:
The annual Paleface Ranch homeowner’s association meeting will be held Saturday, September 13th, 2008 at 1:30 p.m. Gail Finnegan reported that a meeting room at Pedernales River Fellowship Church has been reserved for this purpose.

The next board meeting will be held Wednesday, August 13th at 7 p.m. at Mike and Donna Hellrung’s home at 23614 Oscar Road.

Respectfully submitted,
Megan Klein
PRAI Secretary

***** Neighborhood Park Presentation by Mike Hellrung *****

Mike Hellrung gave the board a “heads up” presentation about a neighborhood park proposal that he intends to deliver to the annual HOA meeting in September. Mike stated that he has been working to bring a park to the neighborhood since 2000 but that it has been repeatedly sidelined by things such as realigning and paving the boat ramp, road maintenance and improving the subdivision entrance.

Mike stated that the association has $70,000 in the bank. Mike stated that he had asked lot owner Holly Carson to speak with Grant Williams, the branch manager at Wells Fargo. According to Holly, the result of that conversation was that Wells Fargo would finance improvements over a five-year period. Holly noted two possible financing options included a loan amortized over five years or a five-year loan with a balloon payment at the end. Mike Hellrung stated he thought a loan could be obtained at 6% interest.

Mike Natinsky noted that he was at the first auction and he remembers Mike Levi saying, “Just remember that whatever you pay for this land today, you will never lose a dollar.” Section 3, Lot 1 at the entry, (one of the lots under consideration by Mike Hellrung) was purchased for 13,500K at the auction. Mike Natinsky stated that Austin was coming this direction and there is no way the association could go wrong putting money into land. He suggested the board get a committee together to work on the project.

Mike Hellrung stated that since there were really no viable options for improving the existing park, he was putting together a plan to purchase an interior lot and present it at the annual meeting. Mike mentioned several ideas for park amenities including a ball field, basketball court, pavilion, picnic tables, barbecue grills.

Mike stated he thought a lot could be obtained at a reasonable price. And that he had contacted a few lot owners to see if they might be interested in selling their lots for this purpose. Those lots that currently look “interesting” for this purpose include Section 3 – Lot 1, Section 3 – Lot 9 and Section 2B – Lot 9. Mike plans to ask, at the annual meeting, for a $20,000 budget item to be added for the purpose of purchasing a lot to be developed into a neighborhood park.